Spread betting: profit from eurozone chaos

The economic mess that Europe is in means that now could be a great time for spread betters to short the euro. But against what?

Currency tradingis normally about economic fundamentals. The value of, say, the US dollar against the euro is typically a function of interest rates (if US rates slip below eurozone rates, the dollar will weaken) plus key economic data releases a bad US non-farm payrolls number will hit the greenback, as would a GDP slump.

However, every now and again politics throw a spanner in the works.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.